BTDR Earnings

BTDR reported its FY2025Q3 earnings on 2025-11-10, showcasing a revenue of 169.71M against an estimate of 155.37M, resulting in a 9.23% surprise. The EPS was -1.28, surpassing the expected -0.22 by -481.82%. The stock experienced a -19.74% price change on the earnings day and a -49.48% change over the next five days, reflecting market reactions to the results.

Following BTDR's FY2025Q3 earnings announcement on 2025-11-10, the stock price moved by -19.74% on the day of the release. Over the subsequent five days, it saw a -49.48% change. Historically, BTDR's stock price tends to shift by an average of 14.28% in the 10 days leading up to earnings and -1.74% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate BTDR's annual revenue to reach 216.74M, while the EPS is projected at 0.05. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between BTDR's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, BTDR's stock price typically moves by 14.28% in the 10 days before its earnings and -1.74% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of 0.05 and revenue of 216.74M.

The earnings call revealed a significant decline in revenue and gross profit due to the April 2024 halving and increased global network hashrate. Despite optimistic guidance and strategic initiatives, the financial metrics were weak, with negative gross margins and adjusted EBITDA. The Q&A highlighted uncertainties in achieving the 40 exahash target and vague responses from management. While there is increased interest in ASICs, the financial health and expenses raise concerns. Given the market cap of $1.35 billion, the stock is likely to see a moderate negative reaction in the short term.